The global feed preservatives market was valued at USD 2.98 billion in 2023 and is anticipated to reach USD 3.25 billion in 2024 from USD 6.58 billion by 2032 with a CAGR of 9.2% during the forecast period from 2024 to 2032.
The animal feed preservatives are the additives that are added to the animal feed to prevent the growth of fungi, molds, and mycotoxins. These additives help control the feed's microbial load, crucial in minimal health and productivity. The chances of microbial contamination are higher during transportation, production, and other forms that increase the demand for preservatives in animal feed. Various benefits of the preservatives include their addition, making the feed safer, more palatable, and more digestible by providing efficient energy. The global feed preservatives market has had a higher growth rate in the past years and is projected to have the most prominent growth during the forecast period. Most of the animal feed preservatives are organic acids, whereas the most common include propionic acid and formic acid in their formulations. These are widely available in the combination of different acids where the action of the single acid becomes limited. Various bacteria and fungi such as Clostridium, E.Coli, Salmonella, Aspergillus, and Candida cause the most common digestive infections in poultry.
The escalating demand for high-quality animal nutrition is the primary factor contributing to the global feed preservatives market growth. The increasing prevalence of feed damage, widely caused by various bacterial and fungal contamination, drives the demand for feed preservatives, leading to enhanced market growth. Various other benefits of feed preservatives as they add nutritional value to the feed and reduce the risk of contamination, enhancing the adoption of feed preservatives among the farmers, and augmenting the global market revenue. The feed prepared without adding feed preservatives has various harmful effects, primarily on farm animals, and has augmented the demand for feed preservatives, leading to market revenue growth.
The growing government support initiatives for animal health and the stringent regulations regarding the utilization of feed additives and preservatives are positively influencing the global feed preservatives market expansion. For instance, the U.S Food and Drug Administration approved formaldehyde as the preservative for animal fodders, maintaining the feed quality and freeing it from bacterial and fungal contamination. The growing demand for feed preservatives in the feed premixes due to longer shelf-life and rising popularity among farmers is boosting the market growth. The rise in demand for natural preservatives among farmers to avoid the health concerns and adverse effects of the chemicals is expected to provide growth opportunities during the forecast period.
Animal feed preservatives possess various drawbacks, including that some preservatives are toxic to animals and humans, and a few chemical preservatives are carcinogenic and mutagenic, hampering the market growth rate. The feed additives are widely allergic to ns and cause other adverse reactions, limiting the farmers' options and restricting the market growth. The fluctuations in the costs of raw materials such as biomass, dextrose, maize, and others are the primary factors impeding the market growth opportunities. The increased chances of microbial contamination, even with the preservatives, as most of the bacteria become resistant to certain preservatives, is hindering the market expansion. These case scenarios are influencing the market players to focus on innovations that will challenge manufacturers to expand the market. The increased environmental and health concerns regarding the utilization of feed preservatives are restraining the global market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
9.2% |
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Segments Covered |
By Type, Livestock, Feed Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BASF SE, E.I. Dupont De Nemours, and Company, Nutreco N.V., Alltech Inc., Novus International Inc., Perstorp Holding AB, Biomin Holding GmbH, Cargill Inc., Impextraco NV, Kemin Industries Inc. |
The feed acidifiers segment held the most significant share in the global feed preservatives market revenue and is expected to register the highest CAGR during the forecast period. The comprehensive utilization of acidifiers in animal feed for the preservation of feed for controlling microbial growth is the primary factor driving global market growth. The microbial quality in animal feed is more important as it impacts productivity and animal health, which enhances the adoption of preservatives in the animal feed industry and augments market revenue growth. The acids are expected to be easily digestible by the farm animals, influencing the manufacturers to increase the production of acidifiers and leading to segment expansion.
The anticaking agent segment is estimated to grow considerably during the forecast period. The anticaking agents are mainly used to know the presence of lumps or clots in the feed, which creates disturbances in the packaging and transportation, boosting segment growth opportunities.
The poultry segment dominated the feed preservatives market with the most prominent share and is projected to continue dominating during the forecast period. The growing demand for poultry products worldwide enhances animal feed optimization for poultry health and production, positively influencing global market growth. The rising focus of farmers on enhancing animal growth and productivity is allowing them to optimize the feed quality, which is augmenting the segment growth.
The cattle and swine segments are gaining traction and are estimated to have substantial growth during the forecast period owing to rising pork and beef consumption.
The aquaculture segment is expected to have steady growth in the coming years due to the growing demand for seafood among worldwide consumers. The requirement for specialized feed formulations to provide adequate nutritional value to the aquatic species is escalating the segment growth opportunities.
The compound feed segment accounted for the largest market share in the feed preservatives and is anticipated to record significant growth during the forecast period. The compound feed is prepared based on the different stages of animal growth, physiological requirements, and animal production, escalating the demand for the segment and leading to segment revenue growth. Compound feed is a mixture of various ingredients, such as plant or animal products, who mixed together to acquire value.
The North American region held the largest share in the global feed preservatives market revenue and is expected to continue the domination during the forecast period. The ease of availability of raw materials across the region, especially in the United States, as it held a significant share in maize production, is boosting the regional market revenue growth. The presence of significant market players in the region, the growing animal feed industry in the region, and the favorable government support initiatives regarding animal health are propelling the market growth rate. The increasing demand for high-quality nutrition for animals, advanced technologies in feed production, and the growing demand for natural and sustainable preservatives in consideration of the animal's health are driving the regional market share growth.
The Asia Pacific region is estimated to have the fastest growth in the coming years, with a prominent CAGR owing to the expansion of cattle and poultry industries across the region. The increasing demand for poultry products, swine, and cattle due to rising pork, beef, and chicken consumption across the various regional countries is boosting the regional market growth opportunities. China is one of the largest meat producers, contributing to the expansion of the regional market share. The rising stringent regulations regarding the quality of the feed for animals owing to rising concerns about the meat consumed are increasing the market growth rate.
The European region is projected to grow significantly during the forecast period due to the growing focus on reducing feed costs. The support initiatives by the regulatory authorities and the rising R&D investments by the major market players are boosting the regional market growth rate.
Some of the major companies dominating the market, by their products and services include BASF SE, E.I. Dupont De Nemours, and Company, Nutreco N.V., Alltech Inc., Novus International Inc., Perstorp Holding AB, Biomin Holding GmbH, Cargill Inc., Impextraco NV, Kemin Industries Inc.
By Type
By Livestock
By Feed Type
By Region
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